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PT IIF and EDC join forces to expand infrastructure financing in Indonesia
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T Indonesia Infrastructure Finance (IIF) and Export Development Canada (EDC) have entered a formal partnership to accelerate infrastructure financing in Indonesia, through a memorandum of understanding (MoU) signed on Sept. 26 at the IIF’s offices in Jakarta’s Sudirman Central Business District.
The MoU signing ceremony was attended by representatives from both parties, with EDC represented by senior vice president, corporate and international Sven List, Indo-Pacific vice president George Monize, Asia Pacific regional vice president Gustavo Galvis, Indonesia chief representative Sean Emmond and program advisor Alicia Partner.
Meanwhile, IIF was represented by president director Reynaldi Hermansjah and finance director/interim risk director Rizki Pribadi Hasan, as well as the IIF team.
EDC is Canada’s export credit agency and mandated to assist Canadian companies engage and respond to international trade opportunities. In Indonesia, it focuses on providing trade knowledge and financial solutions, along with risk mitigation services, to Canadian companies looking to export.
IIF and EDC have agreed through their MoU to synergize in exploring new prospects in financing and advisory services for Canadian businesses that operate in Indonesia.
IIF president director Reynaldi expressed his enthusiasm for establishing its partnership with EDC.
"We are honored to be the pioneering financial institution in Indonesia to join hands with EDC, particularly given their noteworthy entry into Indonesia through this MoU Signing,” he said.
He emphasized that the new partnership had potential for both parties to seize advantageous business opportunities. "We firmly believe that this collaboration will ascertain investment prospects for sustainable project development and innovation in the renewable energy sector."
EDC also acknowledged that the partnership offered promising opportunities to benefit both Canada and Indonesia.
“Establishing our collaboration with IIF will enable us to do more, faster, for Canadian exporters and corporate investors in the infrastructure sector while supporting the needs of Indonesia,” said senior vice president List.
“IIF brings strong market knowledge and expertise in structuring and financing infrastructure projects, including renewables. With both organizations’ leveraging their ESG principles and ability to provide capital support, we will contribute to sustainable infrastructure development in Indonesia,” he said.
